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Home ON Greater Toronto Area Toronto Old Toronto Blake-Jones
493 JONES AVENUE
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493 JONES AVENUE $919,000
Price Change on 02/26/2026
$919,000
-$68,300
$987,300
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493 JONES AVENUE
Toronto (Blake-Jones), Ontario M4J3G8

MLS® Number: E12800230
3 + 1
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing Description

Exceptional income-producing property in the highly sought-after Jones & Danforth neighbourhood, just steps to Donlands Station. This versatile property features three self-contained units, each with two separate entrances/exits, enhancing privacy, safety, and rental flexibility. Main Floor Unit: Spacious 2-bedroom layout with both front and rear access. The main level also offers commercial/office potential (buyer to verify permitted uses), making it ideal for professional services, live/work arrangements, or additional income opportunities. Upper Unit: Bright and functional 1-bedroom suite with front entrance and rear access via private back deck. Excellent natural light and efficient layout attractive to tenants. Basement Unit: Self-contained 1-bedroom suite with approximately 7-foot ceiling height. Features rear entrance plus interior access from the main level. Situated in a high-demand rental pocket steps to transit, Danforth shops, restaurants, schools, and parks. Strong rental appeal driven by location, layout efficiency, and multiple access points. Laneway parking adds valuable convenience and additional tenant appeal. Ideal for investors seeking stable cash flow with upside potential, or end users looking to occupy one unit while generating income from the others. Projected market rents suggest attractive investor returns. A rare opportunity to secure a flexible, income-generating property in one of Toronto's most vibrant east-end communities. (42176179)

Location Description

Cross Streets: Danforth and Jones. ** Directions: South of Danforth.

Property Summary

Property Type
Single Family
Building Type
Row / Townhouse
Storeys
2
Square Footage
1500 - 2000 sqft
Community Name
Blake-Jones
Title
Freehold
Land Size
16 x 100 FT
Annual Property Taxes
$3,891
Parking Type
No Garage
Time on REALTOR.ca
8 days

Building

Bedrooms
Above Grade
3
Below Grade
1
Bathrooms
Total
3
Interior Features
Appliances Included
Range, Microwave, Stove, Refrigerator
Basement Features
Apartment in basement, Walk out, Separate entrance, Walk-up
Basement Type
Full, Finished
Building Features
Features
Carpet Free
Foundation Type
Block, Concrete
Style
Attached
Rental Equipment
Water Heater, Furnace
Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete
Parking
Parking Type
No Garage
Total Parking Spaces
1

Measurements

Square Footage
1500 - 2000 sqft

Land

Lot Features
Frontage
16 ft
Land Depth
100 ft
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